Legal Question in Consumer Law in Maryland
I bought a car. Signed all the papers. I have a monthly payment. I leave. It's almost a month later. I call back asking who my loan is through. They say I haven't been approved yet. A month later??? Now they say my payment might go up $20 a month if I get approved by someone else. I have a legal document stating I should pay $295 a month for 72 months. Can they change the terms a month later?
Asked on 7/17/11, 3:26 pm
1 Answer from Attorneys
Phillip M. Cook
Cook Legal Services, LLC
This is a classic bait and switch move that is currently being debated in Congress as part of the regulation of the financial industry. Consult a lawyer about your options.
Best of luck.****The above is for informational purposes and does not create an attorney-client privilege.*****
Answered on 7/19/11, 4:51 pm
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